- The real estate market is currently showing a correlation between several key metrics that are important for both buyers and sellers to consider.

- First, let’s look at the Months Supply of Inventory, which is currently at 6.14. This indicates the number of months it would take to sell all the current listings on the market if no new listings were added. A higher number typically suggests a buyer’s market, while a lower number suggests a seller’s market.

- Next, the 12-Month Change in Months of Inventory has increased by +66.4%. This significant increase indicates a shift towards a more balanced market, where there may be slightly more inventory available for buyers to choose from.

- The Median Days Homes are On the Market is 55, which is a moderate amount of time for homes to be listed before being sold. This suggests that properties are moving at a steady pace, neither too quickly nor too slowly.

- The Sold to List Price Percentage is 98.2%, indicating that homes are generally selling close to their list price. This can be reassuring for sellers, as it suggests that the market is fairly stable and buyers are willing to pay close to asking price.

- Finally, the Median Sold Price is $495,000, which provides a benchmark for both buyers and sellers to understand the current market value of properties in the area.

- Overall, these metrics suggest that the real estate market is in a healthy state, with a good balance between supply and demand. Buyers can expect a decent selection of properties to choose from, while sellers can anticipate selling their homes at a competitive price. It’s important for both parties to stay informed and work with a knowledgeable real estate professional to navigate the market effectively.